Last checked at 22 Jul 2009 14:42
First Derivatives plc
(the "Company")
(AIM:FDP.L, IEX:GYQ.I)
Director / PDMR Shareholding
Grant of Options to Directors
The Company announces that on 21 July 2009, on the recommendation of its Remuneration Committee, it granted certain Directors of the Company the following share options.
David Anderson, Non-Executive Chairman, and Adrian Toner, Non-Executive Director have been granted options over 10,000 and 30,000 ordinary shares in the Company respectively (the "Options"). The Options are exercisable at 178.5 pence per ordinary share (being the closing mid market price on the date prior to grant) and may be exercised between 21 July 2012 and 21 July 2019.
In addition the Company announces that, Adrian Toner was granted options over 30,000 ordinary shares in 2006, at an exercise price of 161 pence per ordinary share. No announcement of the grant of these options was made at the time of grant. The first 10,000 options were capable of exercise after 12 months from date of grant, a further 10,000 options after 24 months from the date of grant and the final 10,000 options after 36 months after the date of grant. These options must be exercised within 10 years of grant. To date, none of the options have been exercised by Mr. Toner. The options have now all vested and able to be exercised.
The below table sets out the resulting position of the Directors concerned post grant of the Options:
| Director | No. of Options Granted | Total No. of Options held | Shareholding in Company | % holding in Company |
| David Anderson | 10,000 | 10,000 | 140,000 | 1.02% |
| Adrian Toner | 30,000 | 60,000 | 25,944 | 0.19% |
Enquiries:
First Derivatives plc Tel: +44(0)28 3025 2242
Brian Conlon
Managing Director
www.firstderivatives.com
Charles Stanley Securities Tel: +44(0)20 7149 6000
Nominated AdvisorRussell CookCarl Holmes
Goodbody Corporate Finance Tel: +353 1 667 0420
IEX Advisor
Diane Hodgson
Linda Hickey